System and methods for trading complex financial products

• US 20080162337A1
• Filed: 12/29/2006
• Published: 07/03/2008
• Est. Priority Date: 12/29/2006
• Status: Active Grant

• Current Assignee: The DEBT Exchange Incorporated
• Original Assignee: The DEBT Exchange Incorporated
• Inventors: Greenland, J. Kingsley, Jakubowski, William J.
• Granted Patent: US 8,639,614 B2
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange

Abstract

A system for managing the formation of and transactions relating to a syndicated loan is described which provides an interface for all active and prospective participants of a syndicated loan to interact with the system an each other, thereby making the syndication process more efficient and dynamic. In addition, a trading functionality is incorporated and described herein that creates a market for trading syndicated loans and disseminating information about the loans to other participants in the market.

Claims

1. A system for managing syndicated loans, comprising:

a Contact Management and Transaction Surveillance portion, said portion for managing participants and lenders of the syndicated loan and for trading portions of said syndicated loan;

a Transaction Management portion for creating and editing transaction information;

an Underwriting Managing Rights and Permissions, for providing system security and authentication; and

a Buyer Notification and Invitation for inviting prospective buyers to the loan and for notifying buyers of information relating to said loan.